Wells Fargo lowered the firm’s price target on Equinix (EQIX) to $925 from $1,065 and keeps an Overweight rating on the shares. Equinix’s adjusted funds from operations guidance disappointed relative to expectations, and while higher capex should drive long-term equity value, it creates a tougher near-term set-up, the analyst tells investors in a research note.
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Read More on EQIX:
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